Will has been purchasing $25,000 worth of New Tek stock annually for the past 11 years. His holdings are now worth $598,100. What is his annual rate of return on this stock?
A) 14.13 percent
B) 14.24 percent
C) 14.29 percent
D) 14.37 percent
E) 14.68 percent
Correct Answer:
Verified
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